Quantbot Technologies LP Sells 28,853 Shares of Carter’s, Inc. (NYSE:CRI)

Quantbot Technologies LP trimmed its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 37.8% during the 3rd quarter, Holdings Channel reports. The fund owned 47,395 shares of the textile maker’s stock after selling 28,853 shares during the period. Quantbot Technologies LP’s holdings in Carter’s were worth $3,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Carter’s by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock valued at $3,619,000 after buying an additional 11,265 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Carter’s in the 2nd quarter valued at about $671,000. Easterly Investment Partners LLC boosted its holdings in shares of Carter’s by 25.2% in the 2nd quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after buying an additional 5,484 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Carter’s by 48.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock valued at $5,292,000 after buying an additional 26,650 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Carter’s by 10.4% in the 3rd quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock valued at $7,943,000 after buying an additional 11,480 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRI. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a report on Tuesday, November 12th. Wells Fargo & Company lowered their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Up 0.5 %

CRI stock opened at $55.01 on Thursday. The firm has a 50 day moving average of $59.98 and a 200 day moving average of $63.03. The stock has a market capitalization of $1.98 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 3.32 and a beta of 1.24. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Carter’s Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.